According to the public record, 11, Parsons Gardens, Gateshead is a period leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Parsons Gardens, Gateshead, NE11 is located in the borough of Gateshead within the NE11 postal district.
11, Parsons Gardens, Gateshead has a single entry in the Land Registry database from June 2019 and a single entry in the EPC database dated September 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 11 Parsons Gardens Gateshead as £73,290 and the rental value as £559 per month giving an expected gross yield of 9.2%.
Over the last 12 months the sale value of 11 Parsons Gardens Gateshead has increased by £1,704 (2.3%) and its rental value has increased by £55 per month (9.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 11, Parsons Gardens, Gateshead is in very good condition we estimate a sale value of £76,954 and rental value of £587 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £68,160 and a rental value of £520 per month.
If you were able to purchase this property for the estimated value of £73,290, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £360 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 11, Parsons Gardens, Gateshead was last sold on 18 Jun 2019 for £82,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2019, the market for similar properties has risen 16.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Parsons Gardens, Gateshead within a radius of 550 metres over the last 2 years.
The most recent example is 23, Parsons Gardens, Gateshead, NE11 9ET, a Leasehold flat which sold for £65,000 in Dec 2023.
Read more about house prices in NE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parsons Gardens, Gateshead, NE11 has a total of 28 addresses. According to our analysis of all the public data, 11, Parsons Gardens, Gateshead is the 28th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in NE11.
11, Parsons Gardens, Gateshead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Sep 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 11, Parsons Gardens, Gateshead is Dunston station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 11, Parsons Gardens, Gateshead, 29.6% of property is privately owned outright and 28.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 11, Parsons Gardens, Gateshead, 21.9% of residents are recorded as possessing school level qualifications and 19.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 11, Parsons Gardens, Gateshead, the average age was 38.5 and the most common age was 32.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 11, Parsons Gardens, Gateshead, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 11, Parsons Gardens, Gateshead, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.